1265 results for "Economics"

The hidden agenda of the political mind: how self-interest shapes our opinions and why we won't admit it

Weeden, Jason,Kurzban, Robert
When it comes to politics, we often perceive our own beliefs as fair and socially beneficial, while seeing opposing views as merely self-serving. But in fact most political views are governed by self-interest, even if we usually don't realize it. Challenging our fiercely held notions about what motivates us politically, this book explores how self-interest divides the public on a host of hot-button issues, from abortion and the legalization of marijuana to same-sex marriage, immigration, affirmative action, and income redistribution.Expanding the notion of interests beyond simple economics, Jason Weeden and Robert Kurzban look at how people's interests clash when it comes to their sex lives, social status, family, and friends. Drawing on a wealth of data, they demonstrate how different groups form distinctive bundles of political positions that often stray far from what we typically think of as liberal or conservative. They show how we engage in unconscious rationalization to justify our political positions, portraying our own views as wise, benevolent, and principled while casting our opponents' views as thoughtless and greedy.While many books on politics seek to provide partisans with new ways to feel good about their own side, The Hidden Agenda of the Political Mind illuminates the hidden drivers of our politics, even if it's a picture neither side will find flattering.
Princeton University Press 2016-09-06 371 pages

The crisis of capitalist democracy

Posner, Richard A.
Following his timely and well-received A Failure of Capitalism , Richard Posner steps back to take a longer view of the continuing crisis of democratic capitalism as the American and world economies crawl gradually back from the depths to which they had fallen in the autumn of 2008 and the winter of 2009. By means of a lucid narrative of the crisis and a series of analytical chapters pinpointing critical issues of economic collapse and gradual recovery, Posner helps non-technical readers understand business-cycle and financial economics, and financial and governmental institutions, practices, and transactions, while maintaining a neutrality impossible for persons professionally committed to one theory or another. He calls for fresh thinking about the business cycle that would build on the original ideas of Keynes. Central to these ideas is that of uncertainty as opposed to risk. Risk can be quantified and measured. Uncertainty cannot, and in this lies the inherent instability of a capitalist economy. As we emerge from the financial earthquake, a deficit aftershock rumbles. It is in reference to that potential aftershock, as well as to the government’s stumbling efforts at financial regulatory reform, that Posner raises the question of the adequacy of our democratic institutions to the economic challenges heightened by the greatest economic crisis since the Great Depression. The crisis and the government’s energetic response to it have enormously increased the national debt at the same time that structural defects in the American political system may make it impossible to pay down the debt by any means other than inflation or devaluation.
Harvard University Press 2010-03-31 402 pages

Minds wide shut: how the new fundamentalisms divide us

Morson, Gary Saul,Schapiro, Morton Owen
A timely exploration of intellectual dogmatism in politics, economics, religion, and literature—and what can be done to fight it Polarization may be pushing democracy to the breaking point. But few have explored the larger, interconnected forces that have set the stage for this crisis: namely, a rise in styles of thought, across a range of fields, that literary scholar Gary Saul Morson and economist Morton Schapiro call “fundamentalist.” In Minds Wide Shut , Morson and Schapiro examine how rigid adherence to ideological thinking has altered politics, economics, religion, and literature in ways that are mutually reinforcing and antithetical to the open-mindedness and readiness to compromise that animate democracy. In response, they propose alternatives that would again make serious dialogue possible. Fundamentalist thinking, Morson and Schapiro argue, is not limited to any one camp. It flourishes across the political spectrum, giving rise to dueling monologues of shouting and abuse between those who are certain that they can’t be wrong, that truth and justice are all on their side, and that there is nothing to learn from their opponents, who must be evil or deluded. But things don’t have to be this way. Drawing on thinkers and writers from across the humanities and social sciences, Morson and Schapiro show how we might begin to return to meaningful dialogue through case-based reasoning, objective analyses, lessons drawn from literature, and more. The result is a powerful invitation to leave behind simplification, rigidity, and extremism—and to move toward a future of greater open-mindedness, moderation, and, perhaps, even wisdom.
Princeton University Press 2023-01-31 307 pages

Safe food: the politics of food safety

Nestle, Marion
Food safety is a matter of intense public concern, and for good reason. Millions of annual cases of food "poisonings" raise alarm not only about the food served in restaurants and fast-food outlets but also about foods bought in supermarkets. The introduction of genetically modified foods—immediately dubbed "Frankenfoods"—only adds to the general sense of unease. Finally, the events of September 11, 2001, heightened fears by exposing the vulnerability of food and water supplies to attacks by bioterrorists. How concerned should we be about such problems? Who is responsible for preventing them? Who benefits from ignoring them? Who decides? Marion Nestle, author of the critically acclaimed Food Politics, argues that ensuring safe food involves more than washing hands or cooking food to higher temperatures. It involves politics. When it comes to food safety, billions of dollars are at stake, and industry, government, and consumers collide over issues of values, economics, and political power—and not always in the public interest. Although the debates may appear to be about science, Nestle maintains that they really are about control: Who decides when a food is safe? She demonstrates how powerful food industries oppose safety regulations, deny accountability, and blame consumers when something goes wrong, and how century-old laws for ensuring food safety no longer protect our food supply. Accessible, informed, and even-handed, Safe Food is for anyone who cares how food is produced and wants to know more about the real issues underlying today's headlines.
University of California Press 2010-06-15 379 pages

An Introduction to Logic and Scientific Method

Cohen, Morris R.,Nagel, Ernest
An Introduction to Logic and Scientific Method is a college level primer on logic. This book was widely used by scholars especially those studying economics as an introduction to logical thought in preparation for intellectual discourse. Ludwig von Mises was known to say that all students of economics should read this book as a first step in their training as economists.
Simon Publications 2002-06 480 pages

Property in land and other resources

Daniel H. Cole,Elinor Ostrom
"Over the past several years, much has been written about property rights in land and natural resources by scholars in many disciplines including economics, political science, history, and law. This book, based on a 2010 Lincoln Institute conference, addresses the tendency in social science literature to oversimplify the concept of property rights by assuming that only two or three forms of property rights are appropriate for the effective use and conservation of resources. Instead it focuses on recent developments in our understanding of how various property systems are applied to and affect the use of scarce natural resources. The chapters explore the multiple aspects of diverse resources in the design and implementation of property rights systems. The volume also includes a foreword by Douglass C. North and a keynote chapter by Thráinn Eggertsson, who discusses issues related to property rights institutions and the environment using six case studies from his native Iceland, where relatively simple and transparent institutions are ideal for identifying social regularities with general applicability. The topics addressed in the other chapters and accompanying commentaries include: the nature and variety of existing property systems; new thinking about the California gold rush; the role of psychological entitlement in property allocation; evolving property regimes governing fisheries; the evolution of zoning; attributes of property regimes governing water resources; the nature of property rights in tradable pollution permits; how regulations sometimes create property; and mechanisms for ameliorating property conflicts that arise from the presence of endangered species on privately owned lands."--Publisher's website.
Lincoln Institute of Land Policy 2012 492 pages

The mystery of economic growth

Helpman, Elhanan
Far more than an intellectual puzzle for pundits, economists, and policymakers, economic growth--its makings and workings--is a subject that affects the well-being of billions of people around the globe. In The Mystery of Economic Growth , Elhanan Helpman discusses the vast research that has revolutionized understanding of this subject in recent years, and summarizes and explains its critical messages in clear, concise, and accessible terms. The tale of growth economics, as Helpman tells it, is organized around a number of themes: the importance of the accumulation of physical and human capital; the effect of technological factors on the rate of this accumulation; the process of knowledge creation and its influence on productivity; the interdependence of the growth rates of different countries; and, finally, the role of economic and political institutions in encouraging accumulation, innovation, and change. One of the leading researchers of economic growth, Helpman succinctly reviews, critiques, and integrates current research--on capital accumulation, education, productivity, trade, inequality, geography, and institutions--and clarifies its relevance for global economic inequities. In particular, he points to institutions--including property rights protection, legal systems, customs, and political systems--as the key to the mystery of economic growth. Solving this mystery could lead to policies capable of setting the poorest countries on the path toward sustained growth of per capita income and all that that implies--and Helpman's work is a welcome and necessary step in this direction.
Belknap Press of Harvard University Press 2004-09-30 223 pages

Public finance and public policy: responsibilities and limitations of government

Hillman, Arye L.
The second edition of Public Finance and Public Policy retains the first edition's themes of investigation of responsibilities and limitations of government. The present edition has been rewritten and restructured. Public choice and political economy concepts and political and bureaucratic principal-agent problems are introduced at the beginning for application to later topics. Fairness, envy, hyperbolic discounting, and other concepts of behavioral economics are integrated throughout. The consequences of asymmetric information and the tradeoff between efficiency and ex-post equality are recurring themes. Key themes investigated are markets and governments, institutions and governance, public goods, public finance for public goods, market corrections (externalities and paternalist public policies), voting, social justice, entitlements and equality of opportunity, choice of taxation, and the need for government. The purpose of the book is to provide an accessible introduction to the use of public finance and public policy to improve on market outcomes.
Cambridge University Press 2009-04-06 859 pages

FIRED! : TALES OF THE CANNED, CANCELED, DOWNSIZED, AND DISMISSED

Gurwitch, Annabelle
If you've ever been fired, you're in good company. That's what actress and writer Annabelle Gurwitch discovered when she was fired by her idol Woody Allen, who added, "You look retarded." In confiding her tale of woe to others, she realized there is a world of people out there with similar laugh-out-loud experiences. How did Bob Saget learn he was being phased out of his job on The Morning Program? "One day I showed up and my hosting chair was gone!" A collection of anecdotes from people who've all gotten the ax, the boot, or been canned at some point in their lives, Fired! boasts an all-star cast from Tim Allen to Jeff Garlin and features contributions from people all over the country. Uproariously funny and refreshingly true, this book proves it's not the bounce that counts, it's the bounce back.
SIMON & SCHUSTER 2007-01-02 256 pages

Behind the veil of economics: essays in the wordly philosophy

Heilbroner, Robert L.
Professor Heilbroner shows why economics has become the reigning form of social inquiry, and how we might penetrate its mystique. He explores aspects of the "regime-like" character of capitalism and its historic position today; the meaning of work and value; and the manner in which the social visions of the "worldly philosophers" affect their economic analyses.
Norton 1988 207 pages

Essays in positive economics

Friedman, Milton
"Stimulating, provocative, often infuriating, but well worth reading."—Peter Newman, Economica "His critical blast blows like a north wind against the more pretentious erections of modern economics. It is however a healthy and invigorating blast, without malice and with a sincere regard for scientific objectivity."—K.E. Boulding, Political Science Quarterly "Certainly one of the most engrossing volumes that has appeared recently in economic theory."—William J. Baumol, Review of Economics and Statistics
University of Chicago press 1953 328 pages

The Handbook of Experimental Economics

A.E. Roth
When The Handbook of Experimental Economics first came out in 1995, the notion of economists conducting lab experiments to generate data was relatively new. Since then, the field has exploded. This second volume of the Handbook covers some of the most exciting new growth areas in experimental economics, presents the latest results and experimental methods, and identifies promising new directions for future research.Featuring contributions by leading practitioners, the Handbook describes experiments in macroeconomics, charitable giving, neuroeconomics, other-regarding preferences, market design, political economy, subject population effects, gender effects, auctions, and learning and the economics of small decisions. Contributors focus on key developments and report on experiments, highlighting the dialogue between experimenters and theorists. While most of the experiments consist of laboratory studies, the book also includes several chapters that report extensively on field experiments related to the subject area studied.Covers exciting new growth areas in experimental economicsFeatures contributions by leading expertsDescribes experiments in macroeconomics, charitable giving, neuroeconomics, market design, political economy, gender effects, auctions, and moreHighlights the dialogue by experimenters with theorists and each otherIncludes several chapters covering field experiments related to the subject area studied.
Princeton University Press 2015 776 pages

Managing the Global Commons The Economics of Climate Change

William D. Nordhaus
Provides a detailed analysis of the DICE model (Dynamic Integrated model of Climate and the Economy) as well as an extensive analysis of the model's results. Coping with the challenges of global warming is a daunting task for both scientists and economists, who must understand future changes, and for policy makers, who must ultimately choose policies to balance risks and costs. Managing the Global Commons presents a unique effort to encompass economic, scientific, and policy aspects of this great geophysical experiment. Managing the Global Commons provides a detailed analysis of the DICE model (Dynamic Integrated model of Climate and the Economy) as well as an extensive analysis of the model's results. DICE is the first dynamic model to include a closed-loop system that includes emissions, concentrations, climate change, damages, and emissions controls. The model is useful for estimating the costs and benefits of different paths for slowing climate change and for analyzing the impact of control strategies over time. The analysis contains a number of methodological advances and major findings - most importantly the construction of a small model to encompass the primary components of the climate and economic system within an optimization framework. Also included are new techniques and results concerning the role of uncertainty and the risk premium involved in policies to slow global warming. In addition, the analysis derives a set of uncertain representative scenarios that summarize the large number of potential outcomes into a manageable number to be used within an optimization framework and incorporated into a contingent-commodity framework. Nordhaus examines several different approaches to climate-change policy: no controls, economic optimization, geoengineering, stabilization of emissions and climate, and a ten-year delay in undertaking climate-change policies. Among these, there is a modest advantage of an efficient policy over no controls or a ten-year delay, while the three stabilization options would impose significant net costs. Overall, Nordhaus observes, the analysis reveals that even with major technological breakthroughs and stringent controls, the momentum of past greenhouse gas emissions coupled with great inertia in climate change policy will lead to an inevitable rendezvous with massive climate change.
MIT Press 1994 224 pages

Fair play: what your child can teach you about economics, values, and the meaning of life

Landsburg, Steven E.
How should we feel about taxes that redistribute income? Ask how parents feel about children who forcibly "redistribute" other children's toys. How should we respond to those who complain that their neighbors are too wealthy? Ask how parents respond when children complain that their siblings got too much cake. By insisting that fairness can't mean one thing for children and another for adults, Landsburg shows that the instincts of the parent have profound consequences for economic justice.
Free Press 1997-11-08 230 pages

The accidental theorist: and other dispatches from the dismal science

Krugman, Paul R.
Paul Krugman has made a reputation for himself by telling us the truth about economics however unlikely it may seem and however little we want to believe it. In this collection of sharp, witty essays, Krugman tackles bad economic ideas from across the political spectrum, giving us clear-eyed insights into unemployment, globalization, economic growth and financial speculation. The writing here brilliantly combines the acerbic style and clever analysis that has made Krugman famous.
Penguin 1999 204 pages

Price Theory

Milton Friedman
Economics is sometimes divided into two parts: positive economics and normative economics. The former deals with how the economic problem is solved, while the latter deals with how the economic problem should be solved. The effects of price or rent control on the distribution of income are problems of positive economics. The desirability of these effects on income distribution is a problem of normative economics. Within economics, the major division is between monetary theory and price theory. Monetary theory deals with the level of prices in general, with cyclical and other fluctuations in total output, total employment, and the like. Price theory deals with the allocation of resources among different uses, the price of one item relative to another. Prices do three kinds of things. They transmit information, they provide an incentive to users of resources to be guided by this information, and they provide an incentive to owners of resources to follow this information. Milton Friedman's classic book provides the theoretical underpinning for and understanding of prices. Economics is not concerned solely with economic problems. It is a social science, and is therefore concerned primarily with those economic problems whose solutions involve the cooperation and interaction of different individuals. It is concerned with problems involving a single individual only insofar as the individual's behavior has implications for or effects upon other individuals. "Price Theory" is concerned not with economic problems in the abstract, but with how a particular society solves its economic problems.
Richest Man in Babylon Publ. 2009-06 288 pages